VNOM Sub, Inc. · Brief

Next report

2 days

Nov 2 · after closeconfirmedQ3 FY26

Expected move

±5.0%implied · report alone

45.2850.08

straddle ±5.9%

spot 47.68exp Nov 20ATM strike 48ATM straddle 3.33IV 36%

Oct 30 closereport share · term structure

Expected move

—≥ implied

Aug 3 '26±5.5%▼−3.09%×0.56

quarterimplied−10%0+10%realized×

Aug '26±5.5%▼−3.09%×0.56

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Nov 2 report · confirmed

Bull2

493managers reporting a position in the latest quarterly filings13F · Jun 30 '26

+1.45%change in shares held by the ten largest reporting managers over the latest quarter13F · Jun 30 '26

Bear2

30managers holding four fifths of reported value13F · Jun 30 '26

9 of 23largest reporting managers that cut their stake in the latest quarter13F · Jun 30 '26

AI captions · Oct 5 '26once per report · top 2 per case

VNOM report session

No linked exposure.

Oct 19impliedImplied move: ±6.9% into Nov 2 earnings (Oct 19 close).Source

privateThesis 0 · Decisions 0 · Observations 0

No thesis.